| IBB latest price $120.2000 (0.71%) ($120.2000 - $120.2000) on Tue. Nov. 7, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.93% (three month average) |
RSI | 49 |
Latest Price | $120.2000(0.71%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | IBB advances 1.1% a day on average for past five trading days. |
Weekly Trend | IBB advances 0.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability) XBI(93%) SPY(85%) IWO(82%) ARKG(81%) IWD(80%) |
Factors Impacting IBB price | IBB will decline at least -0.465% in a week (0% probabilities). VXX(-35%) TBT(-29%) VIXM(-18%) UUP(-18%) BNDX(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.465% (StdDev 0.93%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
| |
|
|